Drill Rig Mobilized for Resource Expansion and Exploration Drilling

REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE:RBG) is pleased to
announce that a drill rig has been mobilized to the Osikonmaki Property at its
JV in Finland. Drilling will commence in early January 2012.


At least 2000 meters of core drilling is planned for the first phase of the 2012
drill program. As the results come in from the first phase, the second phase of
drilling will be planned. Drilling will target along strike and down dip
extensions of the Osikonmaki East mineralization, including the high grade
shallow mineralization discovered in the 2011 drilling campaign. Depending on
results, additional targets along the 3km long structure could also be tested.
These targets include the historic resource at Osikonmaki West and a number of
geophysical and geochemical anomalies.


Other work planned for the next few months include metallurgical test work and
assaying of historic holes.


Mark Burridge, Chairman, comments, "We are excited at the prospect of expanding
the resource base and discovering additional mineralization at our projects in
Finland."


Further information, including the results of the recent drilling and NI 43-101
Resource Reports can be found on the Company's website www.reb-gold.com.


REBgold PROFILE

REBgold is in the process of acquiring and developing economic interests in gold
assets, in particular, where it can utilize its competitive advantages, to
create shareholder value.


The Company's key competitive advantages include an experienced board and
management team, strategic investor backing and proprietary technology. The
Company's bacterial oxidation and bioleaching technologies are commercially
proven for the liberation of precious metals from difficult-to-treat sulphide
ores and concentrates, with environmental and economic benefits. To date, the
Company's BACOX technology has been used at three gold mines located in Western
Australia, Tasmania and China.


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